Tax & Accounting Blog

Very often countries adopt VAT reforms in order to deal with unforeseen economic circumstances and balance their budgets or to respond to political pressure from different groups. As governments try to react fast on changing circumstances, many times the details on the implementation of the reforms are not thought thoroughly, leading to uncertainty and posterior … Read More

The EU Commission published its Action Plan on VAT on 7 April 2016, which aims to modernize the VAT rules. The Action Plan has four goals: single European VAT Area urgent measures to tackle the VAT Gap e-commerce obstacles in a Single Market more freedom for VAT rates By the end of 2016, the Commission has … Read More

Japan’s government situation for the TPP entered into force Both Japan’s ruling parties (Liberal Democratic Party and Komeito) have discussed and have approved a draft of the TPP regulations and 11 bill[1]. Both ruling parties will cabinet decision and submit a bill to the Diet on March 8, 2016. The details of the … Read More

With 86% of voters in favor, the west side of the Town of Menasha approved a plan to incorporate into it’s own village known as Fox Crossing. Effective April 20th, the Village of Fox Crossing will then become official, while the east side will remain as the Town of Menasha. Basic city services throughout both areas … Read More

On March 25, 2016, Florida Governor Rick Scott approved HB 1297, a bill allowing counties to impose a discretionary sales surtax to fund underfunded public pension plans. The bill was the result of intense lobbying by the City of Jacksonville, which is consolidated with Duval County. According to the Florida Times-Union, Jacksonville pushed for approval … Read More